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ACC 201 Milestone One Workbook Southern New Hampshire University $23.99   Add to cart

Exam (elaborations)

ACC 201 Milestone One Workbook Southern New Hampshire University

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ACC 201 Milestone One Workbook Southern New Hampshire University/ACC 201 Milestone One Workbook Southern New Hampshire University/ACC 201 Milestone One Workbook Southern New Hampshire University/ACC 201 Milestone One Workbook Southern New Hampshire University

Preview 3 out of 19  pages

  • April 9, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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Peyton Approved
General Journal Entries
Jul-18

Date Accounts Debit Credit
1-Jul Cash $10,000.00
Common Stock $10,000.00

1-Jul Baking Supplies $6,500.00
Accounts Payable $6,500.00

3-Jul Cash $10,000.00
Notes Payable $10,000.00

7-Jul Rent Expense $1,500.00
Prepaid Rent $1,500.00
Cash $3,000.00

10-Jul Business License Expense $375.00
Cash $375.00

11-Jul Miscellaneous Expense $250.00
Cash $250.00

13-Jul Baking Equipment $6,000.00
Common Stock $6,000.00

13-Jul Advertising Expense $200.00
Cash $200.00

14-Jul Office Supplies $300.00
Cash $300.00

30-Jul Telephone Expense $75.00
Accounts Payable $75.00

31-Jul Prepaid Insurance $2,400.00
Cash $2,400.00

31-Jul Wages Expense $120.00
Wages Payable $120.00

31-Jul Cash $10,000.00

,Accounts Receivable $5,000.00
Bakery Sales $15,000.00




Total 54,220.00 54,220.00




108,440.00 108,440.00

, Peyton Approved
General Journal Entries
Aug-18

Date Accounts Debit
5-Aug Wages Payable $120.00
Cash

8-Aug Cash $3,800.00
Accounts Receivable

10-Aug Accounts Payable $75.00
Cash

15-Aug Baking Supplies $5,000.00
Accounts Payable

15-Aug Wages Expense $480.00
Wages Payable

15-Aug Rent Expense $1,500.00
Cash

18-Aug Cash $3,000.00
Accounts Receivable

20-Aug Accounts Payable $8,500.00
Cash

20-Aug Wages Payable $480.00
Cash

22-Aug Office Supplies $300.00
Cash

31-Aug Telephone Expense $75.00
Accounts Payable

31-Aug Wages Expense $420.00
Wages Payable

31-Aug Cash $5,500.00
Accounts Receivable $7,500.00

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